The Tory-led Government has squeezed households budgets in what has become a cost of living crisis. Last week OECD figures revealed that Britons have become poorer than their counterparts in a host of other rich economies, sliding from fifth to 12th on an OECD list of wealth based on disposable incomes.
There was a stark that the young and poor are being hit hardest as UK cuts widen inequality,
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Thursday, 23 May 2013
Monday, 18 March 2013
From top bankers, to millionaires, the Tories stand up for the wrong people
Ed Miliband has today laid the battlelines for a “living standards general election”.
With the Tories: more of the same - trickle-down from the top, squeezing the middle and a race to the bottom.
With One Nation Labour: a recovery made by the many, not just a few at the top.
A fair tax system is a central part of building a successful, One Nation, economy. That is why we want to introduce
Saturday, 15 December 2012
Osborne’s 'strivers tax' on working people
David Cameron and George Osborne have tried to claim their new cuts announced in the Autumn Statement were aimed at the ‘shirkers’ and ‘scroungers’.
But the truth is that six out of ten people hit by these cuts are people who get up every morning and go to work. The factory worker on the night shift, the carer who looks after elderly people around the clock and the new mum who will lose her
Friday, 5 October 2012
The Tories Plan A has failed as borrowing rises.
Plan A is failing. According to OBR figures, an indent pent organisation set up by George Osborne and David cameron to scrutinise Government performance. You can see form table 1 below the more you cut the more you have to borrow.
Labour left the economy growing with growth of 0.2%, 0.7% and 1.1%; in the first three quarters of 2010 (2.1% for 9 months). Since then under a Tory led
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